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Category: Research - Topic: Economics - PHILA FED NON-MFG



Philadelphia Fed NonManufacturing Survey Suggest Activity Continued Expansion in October
Posted: October 22, 2019 at 08:30 AM (Tuesday)

Responses to the October Nonmanufacturing Business Outlook Survey suggest continued expansion of nonmanufacturing activity in the region. Although the index for general activity at the firm level fell, the indexes for sales/revenues and new orders both rose. The index for full-time employment decreased. The firms continued to report ...


Philadelphia Fed NonManufacturing Survey Suggest Activity Continued Growth in September
Posted: September 24, 2019 at 08:30 AM (Tuesday)

Responses to the September Nonmanufacturing Business Outlook Survey suggest an expansion of nonmanufacturing activity in the region. The index for general activity at the firm level and the index for sales/revenues both moderated slightly, while the new orders index held steady. The index for full-time employment remained stable. The ...


Philadelphia Fed NonManufacturing Survey Suggest Activity Continued to Grow in August
Posted: August 20, 2019 at 08:30 AM (Tuesday)

Responses to the August Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level and sales/revenues both increased, while the new orders index fell. The index for full-time employment ticked upward. Survey responses indicated ...


Philadelphia Fed NonManufacturing Survey Suggest Activity Expanded in July
Posted: July 23, 2019 at 08:30 AM (Tuesday)

Responses to the July Nonmanufacturing Business Outlook Survey suggest an expansion of nonmanufacturing activity in the region. The index for general activity at the firm level and the index for sales/revenues both gained after two consecutive months of decline, while the new orders index increased for the second consecutive month. ...


Philadelphia Fed NonManufacturing Survey Suggest Activity Moderated in June
Posted: June 25, 2019 at 08:30 AM (Tuesday)

Responses to the June Nonmanufacturing Business Outlook Survey suggest a moderation of nonmanufacturing activity in the region. The index for general activity at the firm level fell for the second consecutive month and the index for sales/revenues fell for the third consecutive month, while the full-time employment and new orders indexes edged ...


Philadelphia Fed NonManufacturing Survey Suggest Activity Continued Growth in May
Posted: May 21, 2019 at 08:30 AM (Tuesday)

Responses to the May Nonmanufacturing Business Outlook Survey lightly moderated but continued to suggest expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level, new orders, and sales/revenues all remained positive but fell from last month’s readings. The index for full-time employment edged ...


Philadelphia Fed NonManufacturing Survey Suggest Activity Continued to Expand in April
Posted: April 23, 2019 at 08:30 AM (Tuesday)

Responses to the April Nonmanufacturing Business Outlook Survey suggest nonmanufacturing activity continued to expand in the region. The indexes for general activity at the firm level and new orders were in line with their readings from last month, and the sales/revenues index declined. The full-time employment index retreated from last ...


Philadelphia Fed NonManufacturing Activity Suggest suggest continued return to expansion in March
Posted: March 26, 2019 at 08:30 AM (Tuesday)

Responses to the March Nonmanufacturing Business Outlook Survey suggest a continued return to expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level, new orders, sales/revenues, and full-time employment all rose for the second consecutive month. The firms continued to report overall increases ...


Philadelphia Fed NonManufacturing Activity Suggest suggest improvement in February
Posted: February 26, 2019 at 08:30 AM (Tuesday)

Responses to the February Nonmanufacturing Business Outlook Survey suggest that nonmanufacturing activity improved in the region. The indexes for general activity at the firm level, new orders, and sales/revenues all rebounded from last month’s particularly low readings. In addition, the employment indicators increased, but the indexes for ...


Philadelphia Fed NonManufacturing Activity Suggest Continued Moderation in January
Posted: January 22, 2019 at 08:30 AM (Tuesday)

Responses to the January Nonmanufacturing Business Outlook Survey suggest continued moderation in nonmanufacturing activity in the region. The indexes for general activity at the firm level, new orders, sales/revenues, and full-time employment all fell for the second consecutive month. The firms continued to report overall increases in prices ...


Philadelphia Fed NonManufacturing Activity Suggest Slower Growth in December
Posted: December 21, 2018 at 08:30 AM (Friday)

Responses to the December Nonmanufacturing Business Outlook Survey suggest a deceleration of nonmanufacturing activity in the region. The indicators for the firm-level general activity, new orders, and sales/revenues indexes posted sizable decreases from last month but remained positive, while the full-time employment index remained stable. ...


Philadelphia Fed NonManufacturing Activity Suggest Expansion continues in November
Posted: November 20, 2018 at 08:30 AM (Tuesday)

Responses to the November Nonmanufacturing Business Outlook Survey suggest that nonmanufacturing activity in the region continued to expand. The firm-level index of general activity, new orders, and sales/revenues all rose above last month’s readings. In addition, the employment indicators remained positive, while the indexes for prices paid ...


Philadelphia Fed NonManufacturing Activity Suggest Continued Expansion in October
Posted: October 23, 2018 at 08:30 AM (Tuesday)

Responses to the October Nonmanufacturing Business Outlook Survey suggest continued expansion of nonmanufacturing activity in the region. The indicators for firm-level general activity, new orders, and full-time employment remained positive but fell, while the sales/revenues index remained relatively stable. The respondents continued to ...


Philadelphia Fed NonManufacturing Activity Suggest Continued to Expand in September
Posted: September 25, 2018 at 08:30 AM (Tuesday)

Responses to the September Nonmanufacturing Business Outlook Survey suggest that nonmanufacturing activity continued to expand in the region. The firm-level index of general activity, new orders, and sales/revenues all remained elevated, while the full-time employment index continued its recent climb. The respondents continued to report ...


Philadelphia Fed NonManufacturing Activity Suggest Continued to Expand in August
Posted: August 21, 2018 at 08:30 AM (Tuesday)

Responses to the Nonmanufacturing Business Outlook Survey suggest that regional nonmanufacturing activity continued to expand in August. The firm-level index of general activity, new orders, and sales/revenues remained positive, and the firms continued to report overall increases in employment. Both price indicators remain elevated. ...


Philadelphia Fed NonManufacturing Activity Suggest Continued to Expand in July
Posted: July 24, 2018 at 08:30 AM (Tuesday)

Responses to the July Nonmanufacturing Business Outlook Survey suggest that nonmanufacturing activity continued to expand in the region. The firm-level index of general activity and new orders decreased but remained elevated, while the sales/revenues index rose moderately. The full-time employment index continued its climb during recent ...


Philadelphia NonManufacturing Activity Suggest Continued Expansion in June
Posted: June 26, 2018 at 08:30 AM (Tuesday)

Results from the June Nonmanufacturing Business Outlook Survey indicate continued expansion of nonmanufacturing activity in the region. The firm-level index of general activity and new orders remained elevated, while the full-time employment index rose notably. The firms continued to report overall increases in prices of both their own goods ...


Philadelphia NonManufacturing Activity Suggest Continued Improvement in Growth in May
Posted: May 22, 2018 at 08:30 AM (Tuesday)

Responses to the Nonmanufacturing Business Outlook Survey suggest that regional nonmanufacturing activity improved in May. The firm-level index of general activity, new orders, and sales/revenues rose notably after posting declines in April, and the full-time employment index remained positive. Both price indicators increased from last month. ...


Philadelphia NonManufacturing Activity Suggest Continued Moderated Improvement in Growth in April
Posted: April 24, 2018 at 08:30 AM (Tuesday)

Responses to the April Nonmanufacturing Business Outlook Survey suggested continued but moderated improvement in regional nonmanufacturing activity. The firm-level general activity index edged down, and the indicators for new orders, sales/revenues, and full-time employment remained positive but decreased from last month’s readings. The ...


Philadelphia NonManufacturing Activity Suggest Continued Growth in March
Posted: March 20, 2018 at 08:30 AM (Tuesday)

Responses to the March Nonmanufacturing Business Outlook Survey suggested that business activity in the region continued to grow. The indicators for firm-level general activity and sales/revenues remained positive but fell slightly from last month’s readings, while the indicator for new orders rose to a high level. In addition, the indicator ...


Philadelphia NonManufacturing Activity Suggest Continued Improvement in February
Posted: February 20, 2018 at 08:30 AM (Tuesday)

Firms responding to February’s Nonmanufacturing Business Outlook Survey reported that regional nonmanufacturing activity continued to expand. The firm-level index of general activity rose for the third consecutive month, and the indexes for sales/revenues and full-time employment also increased in February. Both price indicators remained ...


Philadelphia NonManufacturing Activity Suggest a Pickup in Growth in January
Posted: January 23, 2018 at 08:30 AM (Tuesday)

Respondents to the January Nonmanufacturing Business Outlook Survey reported that business activity continued to expand in the region. The firm-level general activity index rose for the second consecutive month, and the indicator for new orders also improved. The sales/revenues index decreased but remained positive. However, the ...


Philadelphia NonManufacturing Activity continued to grow in December
Posted: December 22, 2017 at 08:30 AM (Friday)

Responses to the December Nonmanufacturing Business Outlook Survey suggested that business activity in the region continued to grow. The index for firm-level general activity edged up, and the index for sales/revenues rose by a greater amount. The indicators for new orders and full-time employment fell but remained positive. The respondents ...


Philadelphia NonManufacturing Activity continued to expand in November
Posted: November 21, 2017 at 08:30 AM (Tuesday)

Respondents to this month’s Nonmanufacturing Business Outlook Survey reported that regional nonmanufacturing activity continued to expand, but with a slowing in the pace of growth. The indexes for current firm-level activity and sales/revenues fell but remained positive, while the index for new orders rose. The index for full-time employment ...


Philadelphia NonManufacturing Activity Indicators expansion continued in October
Posted: October 24, 2017 at 08:30 AM (Tuesday)

Respondents to the Nonmanufacturing Business Outlook Survey reported continued growth in the region’s nonmanufacturing sector in October. The survey’s indicator for current activity changed little, and while indicators for new orders and sales/revenues fell, they remained positive. The survey’s indicator for full-time employment rose. More ...


Philadelphia NonManufacturing Activity Indicators continued to expand in September
Posted: September 26, 2017 at 08:30 AM (Tuesday)

Respondents to the September Nonmanufacturing Business Outlook Survey reported that business activity continued to expand in the region. Although the index for firm-level general activity fell somewhat, it remains in positive territory, and the survey’s indicators for new orders, sales/revenues, and full-time employment increased. Fewer ...


Philadelphia NonManufacturing Activity Indicators continued to expand in August
Posted: August 22, 2017 at 08:30 AM (Tuesday)

Respondents to the August Nonmanufacturing Business Outlook Survey suggested that business activity continued to expand. The firm-level general activity index rose to its highest reading in four months, and the indexes for new orders and sales also improved. However, the indexes for full-time and part-time employment fell. The indicators ...


Philadelphia NonManufacturing Activity Indicators growing but at a slower pace in July
Posted: July 25, 2017 at 08:30 AM (Tuesday)

Respondents to the July Nonmanufacturing Business Outlook Survey reported that business activity continued to grow but at a slower pace. The indexes for firm-level general activity and sales/revenues remained positive but fell, suggesting a slowdown in growth this month. The new orders index fell to near zero. Expectations for growth over the ...


Philadelphia NonManufacturing Activity Indicators continued to expand in June
Posted: June 15, 2017 at 08:30 AM (Thursday)

Respondents to the Nonmanufacturing Business Outlook Survey reported that business activity continued to expand in the region in June. The index for firm-level general activity rose slightly. The survey’s indicators for sales/revenues and full-time employment showed notable increases. Firms reported a slower pace of increases in input prices ...


Philadelphia NonManufacturing Activity Indicators continued to expand in May
Posted: May 23, 2017 at 08:30 AM (Tuesday)

Responses to the Nonmanufacturing Business Outlook Survey suggest that business activity continued to expand in May. However, all of the diffusion indexes moderated from the prior month, and almost all are now nearer to their historical averages. Most noteworthy, the index of general activity at the firm level registered its lowest reading in ...


Philadelphia NonManufacturing Activity Indicators continued to expand in April
Posted: April 25, 2017 at 08:30 AM (Tuesday)

Firms responding to April’s Nonmanufacturing Business Outlook Survey reported that regional nonmanufacturing activity continued to expand. The index for current firm-level activity rose slightly, while the indexes for new orders, sales/revenues, and employment increased by greater amounts. Both the prices paid and prices received indexes ...


Philadelphia NonManufacturing Activity Indicators continued to grow in March
Posted: March 21, 2017 at 08:30 AM (Tuesday)

The March Nonmanufacturing Business Outlook Survey indicated that business activity continued to expand in the region. The survey’s indicators for firm-level general activity, new orders, and sales/revenues fell from last month’s readings but remained positive. The indexes for employment improved, with respondents reporting overall increases ...


Philadelphia NonManufacturing Activity Indicators continued to expand in February
Posted: February 21, 2017 at 08:30 AM (Tuesday)

Responses to the Nonmanufacturing Business Outlook Survey suggest that business activity continued to expand in February. The firm-level index of general activity increased for the third consecutive month, and the indexes for new orders, sales/revenues, and full-time employment remained positive despite moderating somewhat from their ...


Philadelphia NonManufacturing Activity Indicators Signal Faster Growth
Posted: January 24, 2017 at 08:30 AM (Tuesday)

Business activity in the region expanded at a faster pace in January compared with December, according to Nonmanufacturing Business Outlook Survey respondents. The index for general activity at the firm level increased along with almost all of the survey’s other indicators. While broad improvements were seen in new orders and sales/revenues, ...


Philadelphia NonManufacturing Activity Indicators Improved
Posted: December 20, 2016 at 08:30 AM (Tuesday)

The pace of growth for regional nonmanufacturing activity rose in December, according to the firms responding to this month’s Nonmanufacturing Business Outlook Survey. The index for current firm-level activity rose notably. The indexes for new orders, sales, and employment also increased, but by lesser amounts. Survey respondents continued ...


Philadelphia NonManufacturing Activity Suggest A Continued Modest Pace
Posted: November 22, 2016 at 08:30 AM (Tuesday)

The November Nonmanufacturing Business Outlook Survey suggests that business activity continued to expand at a modest pace. The survey’s firm-level indicator of general activity remained steady, while the indexes for new orders and sales/revenues increased. The employment indexes suggest expansion in employment for both full-time and ...


Philadelphia NonManufacturing Activity Suggest Subdued Growth Pace
Posted: October 25, 2016 at 08:30 AM (Tuesday)

Regional nonmanufacturing activity in October grew at nearly the same pace as last month but remained subdued, according to firms responding to this month’s Nonmanufacturing Business Outlook Survey. The survey’s index for current general activity at the firm level indicates continued modest growth, while the indexes for new orders ...


Philadelphia NonManufacturing Activity Suggest Slightly Slower Growth Pace
Posted: September 20, 2016 at 08:30 AM (Tuesday)

Regional nonmanufacturing activity in September grew at a slightly slower pace, according to firms responding to this month’s Nonmanufacturing Business Outlook Survey. The survey’s indexes for current general activity at the firm level and in the region remained positive but suggest a continuation of a slight softening in the region. In ...


Philadelphia NonManufacturing Activity Suggest Steady Growth
Posted: August 23, 2016 at 08:30 AM (Tuesday)

The August Nonmanufacturing Business Outlook Survey suggests that business activity continued to expand at a steady pace. The survey’s broadest indicators of general activity and sales/revenues remained positive and near their readings in July. The employment indexes suggest continued expansion in employment for both full-time and ...


Philadelphia NonManufacturing Activity Continues Moderate Growth
Posted: July 26, 2016 at 08:30 AM (Tuesday)

Business activity continued to expand in July, according to firms responding to this month’s Nonmanufacturing Business Outlook Survey. The survey’s broadest index of general activity for firms edged slightly higher this month. Firms reported improved growth in new orders and sales/revenues. Employment indexes suggest continued expansion in ...


Philadelphia NonManufacturing Activity Continues Moderate Growth
Posted: June 21, 2016 at 08:30 AM (Tuesday)

The pace of growth for regional nonmanufacturing activity remains at a moderate level, according to firms responding to June’s Nonmanufacturing Business Outlook Survey. While the survey’s index for current general activity at the firm level changed little, the index for current general activity in the region rose. Firms reported positive ...


Philadelphia NonManufacturing Activity Continues Moderate Growth
Posted: May 24, 2016 at 08:30 AM (Tuesday)

The respondents to May’s Nonmanufacturing Business Outlook Survey continued to report moderate growth in current activity at their firms. The diffusion indexes for new orders and sales rose, while the index for full-time employment was little changed. However, responding firms reported a lower level of optimism about future activity at the ...


Philadelphia NonManufacturing Activity Continues Modest Growth
Posted: April 26, 2016 at 08:30 AM (Tuesday)

Firms responding to April's Nonmanufacturing Business Outlook Survey reported that growth in regional nonmanufacturing activity remains positive with no perceptible change in the diffusion index for current activity at the firm level. The diffusion index for current activity in the region was also unchanged. The individual indicators were ...


Philadelphia NonManufacturing Activity at a Modest pace of growth
Posted: March 22, 2016 at 08:30 AM (Tuesday)

Regional nonmanufacturing activity rose in March, according to firms responding to this month's Nonmanufacturing Business Outlook Survey. Although the survey's indexes for current general activity at the firm level and employment fell from last month, both indicators remained positive. The sales and new orders indexes improved, and most ...


Philadelphia NonManufacturing Activity at a slow pace of growth
Posted: February 23, 2016 at 08:43 AM (Tuesday)

The respondents to this month's Nonmanufacturing Business Outlook Survey reported a slow pace of growth for current general business activity in the region. The assessments of firm-level activity were more optimistic: The February diffusion index for current general activity at the firm level was higher than the diffusion index for the region ...


Philadelphia Nonmanufacturing Activity has slowed considerably
Posted: January 26, 2016 at 10:00 AM (Tuesday)

Firms responding to January's Nonmanufacturing Business Outlook Survey reported that while regional nonmanufacturing growth remained positive, the pace has slowed considerably. The survey's index for current general activity for the region fell far below its historical average, and the survey's indicators for current activity at the firm level ...


Philadelphia Nonmanufacturing Activity remained positive in December
Posted: December 22, 2015 at 08:30 AM (Tuesday)

Regional nonmanufacturing activity remained positive in December, according to firms responding to this month's Nonmanufacturing Business Outlook Survey. The diffusion index for current regional activity rose, while the index for current firm-level activity showed little change. The diffusion index for prices received fell, but the indicators ...


Philadelphia Nonmanufacturing Activity remained positive in November
Posted: November 24, 2015 at 10:00 AM (Tuesday)

Firms responding to November's Nonmanufacturing Business Outlook Survey reported that the pace of regional nonmanufacturing activity remains positive, with firms modestly increasing their assessment of current conditions for the region. Respondents reported a decrease in activity for their firms, however, and most of the individual ...


Philadelphia Nonmanufacturing Activity remained positive in October
Posted: October 20, 2015 at 10:00 AM (Tuesday)

Regional nonmanufacturing activity remained positive in October, according to firms responding to this month’s Nonmanufacturing Business Outlook Survey. Indicators for firm-level current activity, new orders, and employment improved from last month. Though readings for sales and regional activity fell, they remained positive. Responding ...


Philadelphia Nonmanufacturing Activity continued to improve in September
Posted: September 22, 2015 at 10:00 AM (Tuesday)

Responses to this month's Nonmanufacturing Business Outlook Survey suggest that regional nonmanufacturing activity continued to improve in September. Readings for current activity at both the regional and firm levels, new orders, and sales were positive and increased from last month. Responding firms continue to be highly optimistic about ...



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